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Zomato acquires Uber Eats business in India

Mahesh Kumar January 21st, 2020 12:20 pm Leave a comment

Gurgaon-based Food delivery startup and restaurant aggregator “Zomato” has announced the acquisition of Uber Eats business in India. Uber Eats is an Uber Technologies Inc’s food delivery business in India. The acquisition was done in an all-stock deal. The deals provides Uber with the 9.99% ownership in Zomato after the acquisition. The deal is estimated to be pegged at $300-350 million. Uber Eats, having about 26,000 restaurant partners entered the food delivery business in 2017 in India.

Important takeaways for all competitive exams:

CEO of Zomato: Deepinder Goyal.
CEO of Uber Technologies Inc: Dara Khosrowshahi.

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Mahesh Kumar

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Working as an SEO Manager at Adda247, I bring over 10 years of experience in Search Engine Optimization (SEO) and digital marketing. I specialize in driving organic growth through data-driven strategies, including keyword research, on-page SEO, off-page optimization, and technical SEO. My area of expertise in the EdTech sector, specifically focusing on competitive exams such as Bank, SSC, Railway, UPSC, and various State Government job examinations.